Thursday, 7 January 2016

Tax amnesty & looted wealth

Looted wealth

Published in The News on January 6, 2016

This refers to the editorial, ‘A shot in the dark’ (January 3). Traders will continue to evade taxes because they know that those at the helm are themselves corrupt and therefore lack the moral authority to enforce the writ of the state.

Due to the recently announced Tax Amnesty Scheme, traders will be able to get away by paying only one percent of what they have looted from the national wealth. There are laws to deal with tax evasion. Why does the government not enforce those laws? Why does it not seize the assets of tax evaders and sell them to the highest bidder? Is it because our rulers fear that if they punish tax evaders, one day they too will be penalised for looting the exchequer?

Shakir Lakhani

Karachi

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